I can understand how environmental groups may be upset at BP
The suit brings to light the lasting aftermath of the BP oil spill and what little has fundamentally changed about drilling in the past year. An attorney for the suit with Earthjustice said the government hadn't made a good "assessment of the risk to the Gulf's ecosystem, its communities, and the many jobs that depend on tourism, fishing, and recreation."
Drilling and oil companies would make the argument that the administration has been too slow in getting permits approved for the deep water. Noble
The problem with Shell's wells is the sheer size of the potential problem. Shell estimated that first-day flow would be 405,000 barrels of oil, 7 times the volume involved in the Deepwater Horizon disaster. Environmentalists argue that there isn't a viable plan to mitigate this type of disaster. The courts may have to decide who's right.
Foolish bottom line
Drilling in the Gulf of Mexico is tentatively back on track, but this latest twist might throw a wrench in drillers' plans for the area. While environmentalists and oil companies debate drilling in the Gulf of Mexico, I'll ask Foolish readers to weigh in on the topic.
Fool contributor Travis Hoium has no position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw.
The Motley Fool owns shares of Transocean and Noble. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.